ERA Brokers Consolidated, one of Utah’s leading real estate companies, has acquired all stock of FJM Corporation. Under the leadership of Fafie and Jeff Moore, the firm’s five Vegas offices and 175 independent sales associates were responsible for nearly half a billion dollars in sales volume in 2015.
Operating under the ERA Brand, the Las Vegas operations are now part of ERA’s network of approximately 37,000 affiliated brokers and independent sales associates in 2,350 offices throughout the world. This move also connects ERA Brokers Consolidated along a 425-mile stretch of Interstate 15 from Salt Lake City to Las Vegas, positioning the firm to capitalize on the tremendous growth in the region.
“With nearly 40 years in the ERA® system, ERA Brokers Consolidated has consistently pursued bold avenues for growth, from the unprecedented merger of five competitors in the early 80s that led to its creation, to today’s expansion into Las Vegas with the addition of one of the region’s most respected firms,” said Charlie Young, president and CEO of ERA Real Estate. “ERA Real Estate’s relentless focus on fueling growth for the brand and its brokers is perfectly reflected in ERA Brokers Consolidated’s new position as a powerful regional player spanning multiple states and markets.”
“ERA Brokers Consolidated’s growth plan has always included the multi-faceted, international city of Las Vegas, but aligning with the right firm was crucial,” said Neil Walter, CEO of ERA Brokers Consolidated who represents the firm’s second generation of leadership. “As leaders in both the local and the national real estate community, Fafie and Jeff Moore’s company represents a 27 year commitment to the industry, their agents, and their clients. Acquiring their firm represented a once in a lifetime opportunity in the Las Vegas market.”
“As we looked to take our firm to the next level and secure a successful path for the future, we sought a solution that included access to proprietary technology and robust marketing platforms in a network with both domestic and international reach in order to fuel growth for our agents,” said Fafie Moore, president and broker/owner of FJM Corporation. “Joining forces with ERA Brokers Consolidated opened the door to leverage across more markets and deliver enhanced value by tapping into industry-leading technology and professional development platforms.”
“This transaction creates a complementary dynamic that will excite our sales agents and clients equally,” said Jeff Moore, broker/owner of FJM Corporation. “Las Vegas is an international city and we are now connected to an international brand widely known around the world. In addition, the proven, forward-thinking management team of ERA Brokers Consolidated will carry forward our commitment to the community and our clients while leveraging growth opportunities in the region.
About ERA Brokers Consolidated
ERA Brokers Consolidated is a brokerage infused with proprietary real estate technology. The organization operates commercial and residential brokerages in Utah, Nevada, and Arizona. With over 300 agents and staff, ERA Brokers Consolidated closed over 3,400 transactions worth nearly $1 billion in value in 2015, and it manages more than 1,200 property management units for its clients.
About ERA Real Estate
ERA Real Estate is an innovative franchising leader in the residential real estate industry with more than 40 years of experience in developing consumer-oriented products and services. The ERA network includes approximately 37,000 affiliated brokers and independent sales associates and 2,350 offices throughout the United States and 33 countries and territories. Each office is independently owned and operated. ERA Real Estate is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global provider of real estate services. ERA Real Estate information is available at: ERA.com.
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